Economic Reporter :
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Dr Rubana Huq has said the readymade garment (RMG) sector needs support until next June amid the pandemic.
“If the sector can survive up to June 2021, then it can go forward and will have no need for any reward,” the chief of BGMEA said.
“To my mind we need a little bit of help up to that time for mitigating the Covid-19 impact of. The country’s clothing export will go forward further after June,” she hoped.
She was speaking at the first session of a dialogue series – ‘Stimulus Package for Sustainable and Inclusive Recovery from Covid-19 Fallout in Bangladesh’ – held at Osmani Memorial Auditorium in the city on Thursday.
The theme of the first session was ‘Job Retention, Restoration of Demand and Maintain the Supply Chain.’
The country’s sound macro fiscal position, maintained over the last 12 years, has helped to design and implement strategies for recovering from the Covid-19 pandemic, Senior Finance Secretary Abdur Rouf Talukder said while presenting a keynote paper at the session.
Talukder noted that resilience of the export earring sectors coupled with higher inflow of remittance also helped to respond to the crisis that Bangladesh has been facing since March.
He also said the low level of debt-to-GDP ratio created scopes of more borrowing from domestic and international sources.
Commerce Minister Tipu Munshi was the chief guest of the dialogue series. Prime Minister’s Principal Secretary Dr Ahmad Kaikaus attended the programme as the special guest.
World Bank’s (WB) Country Director for Bangladesh and Bhutan Mercy Miyang Tembon, and Japanese Ambassador to Bangladesh Ito Naoki were the dialogue discussants.
Bangladesh Institute of Development Studies (BIDS) Senior Fellow Dr Naznin Ahmed and SANEM Executive Director Dr Selim Raihan also spoke on the occasion.
Dr Selim Raihan said, “I would suggest that we must have an independent evaluation of the stimulus packages. We must address the challenges of SMEs in availing the stimulus packages.”
The government may consider another stimulus package in order to fight the impact of the Covid-19 second wave, he opined.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Dr Rubana Huq has said the readymade garment (RMG) sector needs support until next June amid the pandemic.
“If the sector can survive up to June 2021, then it can go forward and will have no need for any reward,” the chief of BGMEA said.
“To my mind we need a little bit of help up to that time for mitigating the Covid-19 impact of. The country’s clothing export will go forward further after June,” she hoped.
She was speaking at the first session of a dialogue series – ‘Stimulus Package for Sustainable and Inclusive Recovery from Covid-19 Fallout in Bangladesh’ – held at Osmani Memorial Auditorium in the city on Thursday.
The theme of the first session was ‘Job Retention, Restoration of Demand and Maintain the Supply Chain.’
The country’s sound macro fiscal position, maintained over the last 12 years, has helped to design and implement strategies for recovering from the Covid-19 pandemic, Senior Finance Secretary Abdur Rouf Talukder said while presenting a keynote paper at the session.
Talukder noted that resilience of the export earring sectors coupled with higher inflow of remittance also helped to respond to the crisis that Bangladesh has been facing since March.
He also said the low level of debt-to-GDP ratio created scopes of more borrowing from domestic and international sources.
Commerce Minister Tipu Munshi was the chief guest of the dialogue series. Prime Minister’s Principal Secretary Dr Ahmad Kaikaus attended the programme as the special guest.
World Bank’s (WB) Country Director for Bangladesh and Bhutan Mercy Miyang Tembon, and Japanese Ambassador to Bangladesh Ito Naoki were the dialogue discussants.
Bangladesh Institute of Development Studies (BIDS) Senior Fellow Dr Naznin Ahmed and SANEM Executive Director Dr Selim Raihan also spoke on the occasion.
Dr Selim Raihan said, “I would suggest that we must have an independent evaluation of the stimulus packages. We must address the challenges of SMEs in availing the stimulus packages.”
The government may consider another stimulus package in order to fight the impact of the Covid-19 second wave, he opined.
